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Twin Hospitality to Close 15 Smokey Bones Locations, Convert 19 to Twin Peaks in Profitability Drive

The company cites far higher sales at converted Twin Peaks sites to justify a shift toward the sports‑lodge concept.

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Smokey Bones Bar and Fire Grill restaurant.
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_Smokey Bones store closure

Overview

  • Ten of the 15 targeted restaurants have already closed, with the remaining five slated to shut by the end of the third fiscal quarter.
  • Nineteen Smokey Bones locations are earmarked for conversion, with two already operating as Twin Peaks and a third opening later this year.
  • Twin Hospitality reports average-unit volumes of about $7.8 million at converted Twin Peaks sites versus roughly $3.5 million as Smokey Bones.
  • After closures and conversions, 26 Smokey Bones restaurants will remain, which the company says are generating positive cash flow.
  • Twin Hospitality introduced Ken Brendemihl as Smokey Bones president as CEO Kim Boerema’s review sets up franchising a portion of the remaining units.